The following information is available for Jain Corp. for the year ended December 31, 2012:
Other revenues and gains .............. $ 12,700
Net sales ................................. $552,000
Other expenses and losses ................ 13,300
Operating expenses ...................... 186,000
Cost of goods sold ....................... 156,000
Prepare a multiple-step income statement for Jain Corp. The company has a tax rate of 30%.